The full form of MNC is the Multinational Corporation. An MNC is a business headquartered in one country but operates in two or more other nations. Stateless corporations, MNE (multinational enterprises), and transnational corporations are frequently used to describe them. Although an MNC may have businesses and branches in other nations, its head office or headquarters is normally located in the location or country of origin.
- One of the earliest MNCs to visit India in the 17th century might be the East India Company.
- Today’s world is home to various well-known MNCs, such as Apple Inc., Microsoft, Coca-Cola, Samsung, Pepsi Co., Infosys, and Nike Inc.
- An MNC has many advantages, including spending a lot of money in the host country and implementing new or modern technologies.
- It produces things on a large scale in accordance with international standards and is also concentrated on the industrial producing goods and services, which successfully lowers manufacturing costs.
- It makes it possible for MNCs to offer reasonable prices for goods and services to the local populace.
- It leads to government income by paying income tax as well as numerous other taxes, such as It leads to government income by paying income tax as well as multiple other taxes, such as export duty or GST.
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